Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as … credit ratings and rating agencies in Chinese market, and offer an account of ever-rising default incidents in China starting …

in China …

interpret. We propose a new approach to modeling bond risk and risk premia. For each of the US and China, we reduce the …-variation in the term structure of bond risk premia in both the US and China …

We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond … framework is tractable and can make sense of both new entrants like China and established players like the United States …

We study the demand for government participation in China's venture capital and private equity market. We conduct a …

and innovation community. China, in its pursuit of global leadership in AI innovation and technology, has set up … paper, we collect comprehensive data on China's government and private venture capital funds. We draw three important … funds' traditional role overcoming information frictions and China's unique institutional environment, which includes …